Analysis: China Tests Whether State Purchases Can Lift Housing Market
Government offers $41.6 billion in financing to help cities buy unsold homes
The central government’s initiative includes 300 billion yuan ($41.6 billion) in cheap loans to help local authorities buy unsold homes
China last week launched its strongest initiative yet to revitalize its property market with a two-pronged strategy aimed at boosting home sales and reducing surplus units. Now, the market is keenly observing how these policies will be implemented.
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